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Homework answers / question archive / A $1-per-gallon tax on the sale of gasoline will raise the price by $1 per gallon if a
A $1-per-gallon tax on the sale of gasoline will raise the price by $1 per gallon if
a. the demand is perfectly elastic.
b. the demand is unit elastic.
c. the supply is perfectly elastic.
d. the supply is perfectly inelastic.
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